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Source: The Art of Liberty Foundation’s Five Meme Friday newsletter.
Trumps Tariff War & "Dump & Pump" - As I sit here and type these words, the stock market has just rebounded 2962 points in a single day but remains down 1903 points over the last six months. I can't help but suspect the whole policy is "Disaster Capitalism" benefitting specific interests aligned with Trump while allowing other connected insiders to make billions by having the inside scoop on the predictable stock market gyrations of both the announcement of confiscatory tariffs and the tariff roll back. This is one the many reasons why organized crime "government" is the worst way to organize society in no single individual or group of individuals should have the ability to impact the livelihoods of billions of people around the world.
Trump seems to be personally capitalizing off his specific foreknowledge with a "Dump & Pump". According to CNBC:
At 9:37 a.m. ET, just minutes after the opening bell, Trump posted on Truth Social that “THIS IS A GREAT TIME TO BUY!!!” That post ended with the letters “DJT,” which is both the president’s initials and the ticker for Trump Media & Technology, the parent company of Truth Social that he holds a majority stake in. ...anyone who bought into the market that minute on Trump’s urging, they netted a big return. Stocks shot up in a historic reversal in afternoon trading after Trump announced a walkback on some tariffs, a stark turn after the unveiling of his plan to tax imports last week torpedoed the market.
...Trump Media & Technology shares initially popped after Trump referenced his initials in the post, with some investors appearing to know he was referring to the stock ticker.
The stock fell to $16.69 in the minute of his post to buy shares. It has since soared a high as $20.40, which marks a jump of around 22.2%. The stock finished the session up more than 21%, its strongest day this year.…